Sumitomo Mitsui Financial (SMFG) Tax Rate (2009 - 2026)
Sumitomo Mitsui Financial's (SMFG) quarterly Tax Rate came in at 26.82% in Q2 2026, up 559.0% year-over-year from 4.07% in Q2 2025, and down 35.84% quarter-over-quarter from 41.8% in Q1 2026.
Analysis
Sumitomo Mitsui Financial (SMFG) Tax Rate (2009 - 2026) Analysis & Trends
Sumitomo Mitsui Financial has disclosed Tax Rate across 18 years of filings, most recently posting 26.82% for Q2 2026.
- In Q2 2026, Tax Rate rose 559.0% year-over-year to 26.82%; the TTM figure through Jun 2026 stood at 17.45% (up 9278.0% YoY), while the FY2026 annual figure was 0.63%, up 23.0% from the prior year.
- Tax Rate came in at 26.82% for Q2 2026 at Sumitomo Mitsui Financial, down from 41.8% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 46.05% in Q3 2024 to a low of 104.19% in Q4 2023.
- Average Tax Rate over 5 years is 11.47%, with a median of 24.74% recorded in 2026.
- Year-over-year, Tax Rate sank 7824 bps in 2023 and jumped 7121 bps in 2024.
- Over 5 years, Tax Rate stood at 25.95% in 2022, then slumped by 301 bps to 104.19% in 2023, then jumped by 68 bps to 32.98% in 2024, then retreated by 3 bps to 33.96% in 2025, then jumped by 179 bps to 26.82% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 26.82% in Q2 2026, 41.8% in Q1 2026, and 33.96% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 2,119.43 Bn | 1,530.93 Bn | 30.39 Bn | 21.54% |
| 2 | Morgan Stanley | 331.20 Bn | 171.06 Bn | - | 23.07% |
| 3 | Goldman Sachs | 305.27 Bn | -671.08 Bn | - | 22.60% |
| 4 | Mitsubishi Ufj Financial | 296.69 Bn | -87.63 Bn | 10.89 Bn | 24.29% |
| 5 | Royal Bank Of Canada | 289.34 Bn | 62.45 Bn | - | 22.26% |
| 6 | Wells Fargo & Company | 270.60 Bn | 66.63 Bn | - | 17.42% |
| 7 | American Express | 216.86 Bn | 167.54 Bn | 17.99 Bn | 23.61% |
| 8 | Banco Santander | 214.76 Bn | 222.37 Bn | 28.01 Bn | - |
| 9 | Toronto Dominion Bank | 206.17 Bn | 44.84 Bn | - | -38.63% |
| 10 | Sumitomo Mitsui Financial | 102.01 Bn | 102.01 Bn | 8.81 Bn | 26.82% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.82% |
| Mar 31, 2026 | 41.80% |
| Dec 31, 2025 | -33.96% |
| Sep 30, 2025 | 18.62% |
| Jun 30, 2025 | 21.23% |
| Mar 31, 2025 | 34.67% |
| Dec 31, 2024 | -32.98% |
| Sep 30, 2024 | 46.05% |
| Jun 30, 2024 | 27.94% |
| Mar 31, 2024 | 19.44% |
| Dec 31, 2023 | -104.19% |
| Sep 30, 2023 | 21.21% |
| Jun 30, 2023 | 27.96% |
| Mar 31, 2023 | 29.99% |
| Dec 31, 2022 | -25.95% |
| Sep 30, 2022 | 22.67% |
| Jun 30, 2022 | 26.96% |
| Mar 31, 2022 | 38.22% |
| Dec 31, 2021 | -33.55% |
| Sep 30, 2021 | 27.07% |